Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Ouro Preto, Minas Gerais

For one person, living is cheaper in Ouro Preto, Minas Gerais: $818 a month against $4,002 in Reykjavik, rent and utilities included – about $38,200 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
40

Cost of Living Index in Ouro Preto, Minas Gerais
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Ouro Preto, Minas Gerais Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Ouro Preto, Minas Gerais

🇧🇷 Brazil

$818

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Ouro Preto, Minas Gerais

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Reykjavik and in Ouro Preto, Minas Gerais actually costs, broken down by who's living it.

Monthly costs for one person with rent: $4,002 in Reykjavik versus $818 in Ouro Preto, Minas Gerais.

Reykjavik $4,002
Ouro Preto, Minas Gerais $818

Estimated couple costs with rent: $5,705 in Reykjavik versus $1,265 in Ouro Preto, Minas Gerais.

Reykjavik $5,705
Ouro Preto, Minas Gerais $1,265

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $1,712 in Ouro Preto, Minas Gerais.

Reykjavik $7,407
Ouro Preto, Minas Gerais $1,712

Living in Reykjavik is roughly 389% more expensive than in Ouro Preto, Minas Gerais, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 196% above, Ouro Preto, Minas Gerais is 39% below.

Meal at Budget Restaurant

$31.56 ISK 3,834

$4.41 R$22.17

615.65%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$15.91 R$80.0

669.01%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,263

$7.30 R$36.72

267.95%

Cappuccino

$6.81 ISK 828

$1.71 R$8.62

298.25%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.39 ISK 411

$1.43 R$7.20

137.06%

Water (0.33 liter bottle)

$3.20 ISK 389

$0.62 R$3.13

416.13%

Local Beer (0.5 liter draught)

$14.14 ISK 1,717

$1.22 R$6.12

1059.02%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,495

$2.47 R$12.40

398.38%

Milk (1 liter)

$2.10 ISK 255

$0.94 R$4.70

123.40%

White Bread (500g)

$4.19 ISK 509

$1.57 R$7.91

166.88%

Rice (white) (1kg)

$3.72 ISK 452

$1.38 R$6.92

169.57%

Eggs

$7.05 ISK 857

$2.02 R$10.17

249.01%

Local Cheese (1kg)

$21.56 ISK 2,619

$9.22 R$46.34

133.84%

Chicken Fillets (1kg)

$24.68 ISK 2,998

$3.53 R$17.72

599.15%

Beef Round Steak (1kg)

$42.19 ISK 5,125

$10.05 R$50.5

319.80%

Apples (1kg)

$3.23 ISK 393

$1.94 R$9.77

66.49%

Banana (1kg)

$2.73 ISK 332

$1.16 R$5.83

135.34%

Oranges (1kg)

$3.17 ISK 385

$0.93 R$4.69

240.86%

Tomato (1kg)

$6.61 ISK 804

$1.23 R$6.21

437.40%

Potato (1kg)

$3.85 ISK 467

$0.71 R$3.55

442.25%

Onion (1kg)

$1.66 ISK 201

$0.86 R$4.33

93.02%

Lettuce (1 head)

$3.80 ISK 462

$0.54 R$2.70

603.70%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.77 R$3.86

127.27%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,665

$1.57 R$7.87

773.25%

Wine (Bottle)

$24.21 ISK 2,942

$5.94 R$29.83

307.58%

Local Beer (0.5 liter bottle)

$3.53 ISK 429

$0.98 R$4.94

260.20%

Imported Beer (0.33 liter bottle)

$3.32 ISK 403

$1.37 R$6.91

142.34%

One-way Ticket (Public Transport)

$5.75 ISK 698

$1.04 R$5.23

452.88%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$43.37 R$218

116.30%

Taxi Start (Normal Tariff)

$6.61 ISK 804

$1.38 R$6.92

378.99%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.74 R$3.70

291.89%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,617

$3.97 R$19.93

1893.95%

Gasoline (1 liter)

$2.09 ISK 254

$1.31 R$6.57

59.54%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$51.0K ISK 6.2M

$11.9K R$60.1K

326.97%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$53.3K ISK 6.5M

$29.6K R$148.7K

80.13%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$95.3 ISK 11.6K

$60.4 R$304

57.61%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$32.35 ISK 3,929

$9.88 R$49.64

227.43%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$19.42 R$97.6

350.77%

Gym Membership (Monthly)

$102 ISK 12.4K

$25.65 R$129

297.12%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,083

$27.30 R$137

83.44%

Cinema Ticket

$19.88 ISK 2,415

$6.64 R$33.35

199.40%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,194 ISK 145.0K

$146 R$733

719.25%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$2,019 R$10.1K

1158.71%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$71.5 R$359

108.46%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,093

$84.3 R$424

-20.95%

Sport Shoes (Adidas, Nike)

$180 ISK 21.9K

$67.2 R$338

167.88%

Men's Leather Business Shoes

$253 ISK 30.8K

$48.89 R$246

417.98%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.7K

$359 R$1,803

610.77%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.8K

$242 R$1,215

750.25%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.9K

$670 R$3,365

422.40%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.7K

$451 R$2,268

512.45%

Buy Apartment in City Center (m2)

$8,120 ISK 986.4K

$1,882 R$9,462

331.35%

Buy Apartment Outside City Center (m2)

$6,254 ISK 759.7K

$1,339 R$6,730

367.07%

Average Monthly Net Salary (After Tax)

$4,573 ISK 555.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.67

-17.43%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Reykjavik: October 12, 2026

Last update for Ouro Preto, Minas Gerais: October 13, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Reykjavik

$2.1K 51.4%

Ouro Preto, Minas Gerais

$242 29.6% 88.2% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Ouro Preto, Minas Gerais

$175 21.5% 71.8% $447

Eating Out

Reykjavik

$536 13.4%

Ouro Preto, Minas Gerais

$97 11.9% 81.9% $439

Clothing & Footwear

Reykjavik

$292 7.3%

Ouro Preto, Minas Gerais

$122 15% 58.1% $170

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Ouro Preto, Minas Gerais

$90 11% 58.3% $125

Sport & Entertainment

Reykjavik

$142 3.5%

Ouro Preto, Minas Gerais

$39 4.8% 72.5% $103

Getting Around

Reykjavik

$138 3.5%

Ouro Preto, Minas Gerais

$53 6.4% 61.9% $85

Cost Breakdown

A one-bedroom apartment in the center runs $2,549 in Reykjavik and $359 in Ouro Preto, Minas Gerais. Housing cost is often the main lever when comparing two cities.

Dining out: $122 in Reykjavik vs $16.00 in Ouro Preto, Minas Gerais for a mid-range dinner for two. Groceries echo the gap at $623 vs $175 per month, with Ouro Preto, Minas Gerais cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Ouro Preto, Minas Gerais

🕒 Local time

18:32 6:32 PM

15:32 3:32 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

74,821

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.35 EUR

1 BRL = 0.199 USD

1 BRL = 0.178 EUR

Exchange rates and currency converter

BRL, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 14, 2026: 1 USD = 121 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Brazilian Real exchange rates as of October 14, 2026: 1 USD = 5.03 BRL (1 BRL = 0.199 USD). 1 EUR = 5.63 BRL (1 BRL = 0.178 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Ouro Preto, Minas Gerais 9,580 km ≈ 12 h nonstop flight

From you

Reykjavik
Ouro Preto, Minas Gerais

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Reykjavik vs Ouro Preto, Minas Gerais: Cost of Living - Frequently Asked Questions

Ouro Preto, Minas Gerais is cheaper overall, especially in groceries, eating out, and clothing. The 389% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $6,003 in Reykjavik and $1,227 in Ouro Preto, Minas Gerais to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $2,549 in Reykjavik versus $359 in Ouro Preto, Minas Gerais. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Ouro Preto, Minas Gerais runs roughly 116% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $1,194 in Reykjavik versus $146 in Ouro Preto, Minas Gerais. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $818 in Ouro Preto, Minas Gerais versus $4,002 in Reykjavik, a $1,500 budget is realistic in Ouro Preto, Minas Gerais but tight or insufficient in Reykjavik. The gap between the two cities makes Ouro Preto, Minas Gerais the clear choice for anyone on this budget.

For families, Ouro Preto, Minas Gerais is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Reykjavik and Ouro Preto, Minas Gerais are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Ouro Preto, Minas Gerais gentler on the wallet – expenses run 389% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.